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You are correct, an RS doesn't make or break a stock although most inexperienced investors see it as some sort of bad omen.
Poster,
say by chance the reverse split doesn't go through, in your opinion what do you think the consequences would be, or better yet what would be our next course of action?
Sorry man, I can't see through it. You see, thats why they call it a risk. I base my decisions on facts not speculation. If what you say turns out to be true, then I lose and I will get right back on the horse and try again. If everything turns out to be a hoax then shame on them and I hope they burn for it. If you knew you were going to win everytime you went to the casino then the casinos wouldn't exist, essentially this is the same thing. You see, its all on how you trade with stocks like this and i'm sure you know that. A smart investor would be sitting on all profit right now with SPNG, as I am. However, I am willing to risk that profit on what I see going on with this company, I guess I can afford the luxury of taking that risk. Although I do feel sorry for the people that are locked in and can't make a move right now, I will never pretend to be their savior by giving them shoddy advice for my own personal gain.
Rocky
What was it, 10:30 when you posted this.
That didn't take long! LMFAO!!!!
Correct, no one knows whats coming but there seems to be alot of crystal ball owners on this board that claim to know they do. However, we can't mistake that for people defending their positions against unfounded claims and unsubstantiated facts.
Jaboa, thanks for the PM. I've been exactly where you are right now. I have bitten my tongue and fought my way back and now defend my position in a more delicate manner.
Now thats the first negative post that I can actually agree with. Those ARE the facts.
Finally, an honest post with reality.
Gee, do you think its because of people selling on good news or manipulation by the shorts.
I wonder
We've been waiting and waiting and waiting and waiting and waiting and waiting
I like the fact that there are no conclusions to any of your facts. As far as number 6 goes, it not the investors that they are hiding things from,
Its you.
Charley i'm in, another 500.00 today.
Johnny,
Have you been trading down at these levels for long? See how easy it is for manipulators to get you to second guess your investment.
They push the price down then gobble up the shares. Then when everything pans out and the price increases they walk away with prize and your left standing with nothing. That is if you let them shake you and you sell.
Rocky
They won't be able to keep us down for long Charley.
Loading up over here!!!
I totally agree. I like the fact that our next moves are in the hands of Ning. He knows exactly what hes doing.
I hear ya, someone seems to be playing this real safe. If we had a small jump up everyday the upcoming events probably wouldnt have as big as an impact as I think it will. It seems to me that whomever is controlling this would rather see a squeeze all at once which is very positive for us longs.
The way I figure it the last report was already baked in to the PPS. Thats why we didnt see a bigger drop when it was released. We all knew it was coming and wasnt gonna look good. The next news we get should be the positive one if this pans out correctly as it should.
RJ, the volume is really drying up.
Your thoughts?
Poster, I appreciate your response and I know why we are here. I have done all my dd and wouldn't be sitting here if I didn't think this could be a windfall for me, but I must say that the last release has to leave you a bit skeptical. There are many paths that this company could take, some could be very beneficial to the shareholders and some not, its just how it works. Being an experienced investor you of all people know that this is how this process works.
Lets take it one day at a time and hope for the best.
Rocky
Hey, lets talk reality here for a minute guys. We're all buying at a comfortable price but lets not lose a grip on our situation. We need to see some filings in early december or else the whole game takes a different turn. Don't get me wrong, i'm just as confident as the next guy as I have 5 grand at .04 invested but lets see what happens here and not jump the gun.
Calm down buddy. You're still safe for now
From what I read on other boards i guess this is official. Spng back to spnge
Or proven to be false. Oh but we shouldn't go there should we. Lets just assume everything is true. God forbid we should assume everything is false now should we.
The way I see it is "it is what it is" I really don't bother passing judgement on anyone. Theres nothing we can do about any of that anyway. If I cloud my mind with all that it just gets in the way of my decisions. I'm just here to make money and if I do I could care less who these guys are or what they do.
There could be a good opportunity to make a quick buck here. This stock will probably see some positive action on the Diddy news alone. The trick is to have your timing right and flip it before Pike does.
I knew it was you all along. Just trying to get a little blood pumping over here. Patience is something I have a huge amount of when it comes to this one. I know whats coming in due time.
Ladies and gentlemen I do believe we are getting ready for liftoff!!!
Can anyone tell me what the hell is going on here!!
Check out the pps of these insider buys. You gotta be buying this stock at this price, in my opinion its a gift.
http://www.reuters.com/finance/stocks/insiderTrading?symbol=IAO.A
There is no way to argue with this post without looking like a complete imbecile. Again, thanks BS for everything that you do. Stay long and strong my friends.
We're starting to see some strategic moves being made. This is a great sign as I believe that its all starting to fall into place.
BS thanks for everything . I will be looking forward to your posts tomorrow.
Rocky
100,000 just went through. Was that you hero?
Hi RJ,
I've been sitting here for a couple of months now and hold a fairly decent size long position. Now, I tend to believe that I am the type of person that thinks there is no such thing as a stupid question, especially in the stock trading world. However I do believe that I may be pushing some sort of boundary on this one. As I read the filing that came out this week I came across something that led me to ask the following borderline stupid question and compelled myself to pass it on to you.
Why in the world would Michael Ning need a loan for $38000?
Did you say disclose? That word is taboo at SPNG. Bottom line, if this product and company were in the hands of competent management I would be retired right now. Thats enough to piss anyone off.
lol, everything posted on this board is speculation!!
Forget about going after the SEC. You can't fight city hall. Would we be able to go after this crook Patch? If we can I would be glad to lead the charge.
Gee where has this Motley fool been all my life. I wish I had known about him before I had made all my financial decisions. Hes seems so honest and forthcoming and I don't think he could possibly be on anyone's payroll, do you?
Its simple, if you base your financial decisions on something like this please stop and donate your money to a worthier cause like trying to save the endangered monkfish in the Amazon river.
Mengo, take it for what its worth. The letter is just like anything else on this board. If it hurts the bashers or the pumpers they claim it to be false, if it helps them in their efforts they claim it to be fact. Its simple, you will never find out the truth on this board nor in newspapers nor in blogs or ambulance chasing law firms. The only facts I go by is what comes out of the SEC filings. Everything else is totally unsubstantiated. That being said I do believe that their is evil on both sides of the fence here and theres not a damn thing anyone can do about it. Unfortunately, its the average Joe like you and myself that get caught in the middle of all this corruption.
Rocky
Ok Mick, in reality where do you think we stand right now? What is your honest opinion on whats going on?